| 31.05.2010 - Australia: Commercial property bad debts weigh down banks |
| From Smh.com.au: The weak commercial property sector is continuing to cause concern among the country's biggest banks, which have $200 billion in loans exposed to the vagaries of the industry's recovery. Of the largest financial commitments made on a geographical basis, four states - NSW, Victoria, Queensland and Western Australia - are now firmly in the sights of lenders looking to reduce the financial burden on their balance sheets...........................................Full Article: Source |